Ashiana Housing Limited closes 2010-11 with 27 % rise in Revenues
The Company reported a healthy increase of 27% in its Revenues (Sales & Other Income) and recommended a dividend of Rs 1.75 per share for the year 2010-11.
- (1888PressRelease) May 28, 2011 - New Delhi - Ashiana Housing Limited today announced its results for the financial year ending 31st March, 2011. In its board meeting held today at New Delhi, the company reported a healthy increase of 27% in its Revenues (Sales & Other Income). The Board of Directors of the company also recommended a dividend of Rs 1.75 per share for the year 2010-11.
Ashiana achieved highest ever bookings of 13.50 lakhs sq. ft. for the fiscal year from 7.07 lakhs sq. ft. booked in 2009-10, an increase of 91%.
Commenting on the accomplishment, Mr. Vishal Gupta, Managing Director of Ashiana Housing Limited, said, " Better bookings is a result of many factors like buoyant markets, launching of new projects, right design and right pricing of the products and a dedicated and stable Sales team. The target for the next year is to achieve 16 lakhs sq. ft. of bookings."
Sales and Other Income during the fiscal 2010-11 have gone up to Rs 154.12 crores from Rs 121.03 crores during the previous year showing an increase of 27%.
During the same fiscal, Profit after Tax has also zoomed to Rs. 43.86 crores, which is 19% higher than the PAT of Rs. 36.77 crores registered in the fiscal 2009-10.
On an equity base of Rs. 18.61 crores, the Earning per share (EPS) of the company as on 31st March, 2011 was Rs. 23.57 per share as against Rs. 20.33 per share on 31st March, 2010.
In 2010-11, Ashiana Housing delivered Phase III of Aangan in Bhiwadi and Phase II of Amarbagh in Jodhpur. All the remaining phases of Aangan and the first two phases of Rangoli Garden in Jaipur were launched for bookings during the year. In Active Senior Living, handing over started in the first phase of Utsav, Jaipur in the fiscal year.
For more details contact: Nisha ( @ ) 9811651210
Regional PR, nisha.regionalpr ( @ ) gmail dot com
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